陈龙：长江商学院金融管理实践教授

　　教授简介：

　　陈龙博士曾任蚂蚁金服集团首席战略官、阿里巴巴集团罗汉堂秘书长。他是多伦多大学金融学博士，在美国华盛顿大学奥林商学院获得终身教职荣誉，并曾在美国荣获商学院优秀教师奖。回国后他曾任长江商学院副院长，曾经是多个研究中心的主任，并曾经负责管理企业家学者项目和校友理事会。他在学术上长期从事利率及货币政策、资本市场、投融资决策和金融创新的研究，大量研究成果发表在世界顶级的金融学杂志上；是所有顶级金融杂志的审稿人和多家金融杂志的编委。

　　近年来，陈龙教授深度关注并投身互联网金融，任蚂蚁金服首席战略官，并任中国人民银行互联网金融研究中心副主任委员，中国互联网证券协会副主任委员，中国互联网保险协会副会长等职位。

　　主要研究领域

　　资本市场、金融创新、企业投融资决策

　　主要学术成果

　　Selected Publications:

　　Corporate Yield Spreads and Bond Liquidity, with David Lesmond and Jason Wei,Journal of Finance,62 (2007), 119-149;ranked by Journal of Finance as one of the top ten most cited articles from Journal of Finance.

　　The Expected Value Premium, with Ralitsa Petkova and Lu Zhang,Journal of Financial Economics, 87 (2008), 269-280.

　　Expected Returns, Yield Spreads, and Asset Pricing Tests, with Murillo Campello and Lu Zhang,Review of Financial Studies, 21(3) (2008), 1297-1338.

　　On the Reversal of Dividend and Return Predictability: A Tale of Two Periods,Journal of Financial Economics, 92(1) (2009), 128-151.

　　On the Relation between the Credit Spread Puzzle and the Equity Premium Puzzle, with Pierre Collin-Dufresne and Robert Goldstein,Review of Financial Studies, 22(9) (2009), 3367-3409.

　　Return Decomposition, with Xinlei Zhao,Review of Financial Studies, 22(12) (2009), 5213-5249;ranked by RFS as one of the most cited RFS papers published in 2009.

　　Do Time-Varying Risk Premiums Explain Labor Market Performance? With Lu Zhang,Journal of Financial Economics, 99(2) (2011), 385-399.

　　Dividend Smoothing and Predictability, with Zhi Da and Richard Priestley, forthcoming,Management Science.

　　What Drives Stock Price Movements? With Zhi Da and Xinlei Zhao,leading articleinReview of Financial Studies, 26 (2013).

    Are Financial Constraints Priced? Evidence from Firm Fundamentals and Stocks, with Murillo Campello, Journal of Money, Credit, and Banking, 42 (2010), 1185-1198.

　　On the Relation between the Market-to-Book Ratio, Growth opportunity, and Leverage Ratio, with Shelly Zhao,Finance Research Letters, 3(2006) 253-266.

　　Mechanical Mean Reversion of Leverage Ratios, with Shelly Zhao,Economic Letters,95 (2007) 223-229.

　　Working Papers：

　　An Alternative Three-Factor Model, With Robert Novy-Marx and Lu Zhang

　　What Moves Aggregate Investment? With Zhi Da and Borja Larrain

    Myopic Extrapolation, Price Momentum, and Price Reversal, with Claudia Moise and Xinlei Zhao; presented at EFA 2009 and WFA 2010

　　Fresh Momentum, with Ohad Kadan and Kose Engin

　　Inflation and Credit Risk, with Hui Chen

　　Selected Media Citations：

　　New generation of Chinese tycoons putting good causes before money, South China Morning Post, 2014

    Alibaba Restructuring of Alipay Pacts Could Boost Value, Wall Street Journal, 2014

　　Concern raised over Internet finance, Global Times, 2014

　　Higher Return, Similar Risks: Is China’s Sweet Deal Of Internet Finance Real?, Forbes, 2014

    What’s Missing in China’s Reform Plan, Wall Street Journal, 2013